secwatch.observer — SEC 8-K summary
======================================

Issuer:     Performance Food Group Co (PFGC)
CIK:        0001618673
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0000950170-23-060661
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PFG Q1 adjusted EBITDA $383.8M beats guidance; net income up 26%
----------------------------------------------------------------

- Net sales $14.9B (+1.5% YoY); gross profit $1.7B (+5.6%); net income $120.7M (+26.1%)
- Diluted EPS $0.77 (+24.2%); adjusted diluted EPS $1.15 (+6.5%)
- Adjusted EBITDA $383.8M (+8.2%), exceeding prior guidance range; total case volume +2.6%
- Independent restaurant segment led profit growth; Vistar accelerated in new lines of business
- Convenience segment maintains strong new business pipeline

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618673/000095017023060661/0000950170-23-060661-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618673/000095017023060661/pfgc-20231108.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-060661

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer